The euro rose above $1.16, its highest since early June, as investors embraced riskier assets after the US and Iran agreed to end their three-month conflict. The deal, lifting the US blockade and reopening the Strait of Hormuz, will be signed in Switzerland on Friday, though uncertainty lingers as markets await further details and the status of Iran’s nuclear program remains unresolved. Oil prices plunged, easing inflationary pressures and reducing expectations for rate hikes. Money markets now anticipate about 30 basis points of further ECB tightening this year, equivalent to one rate hike, down from nearly two before last Thursday’s increase. ECB President Christine Lagarde welcomed the news but warned of past dashed hopes and emerging second-round effects from the conflict. ECB’s Joachim Nagel added that oil supply recovery would take months, delaying any inflation relief.

The EUR/USD exchange rate rose to 1.1587 on June 15, 2026, up 0.16% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 0.60%, but it's up by 0.22% over the last 12 months. Historically, the Euro US Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro US Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on June 15 of 2026.

The EUR/USD exchange rate rose to 1.1587 on June 15, 2026, up 0.16% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 0.60%, but it's up by 0.22% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.16 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.18 in 12 months time.



Crosses Price Day Year Date
EURUSD 1.1588 0.0019 0.17% 0.23% Jun/15
EURGBP 0.8641 0.0011 0.12% 1.48% Jun/15
EURAUD 1.6395 -0.0022 -0.14% -7.49% Jun/15
EURNZD 1.9903 0.0063 0.32% 4.32% Jun/15
EURJPY 185.7780 0.3885 0.21% 10.99% Jun/15
EURCNY 7.8313 0.0065 0.08% -5.69% Jun/15
EURCHF 0.9209 -0.0010 -0.11% -2.14% Jun/15
EURCAD 1.6213 0.0030 0.18% 3.35% Jun/15
EURMXN 19.9546 -0.0084 -0.04% -8.70% Jun/15
EURINR 109.5315 -0.5002 -0.45% 10.17% Jun/15
EURBRL 5.8663 -0.0059 -0.10% -8.38% Jun/15
EURRUB 83.6005 -0.2704 -0.32% -8.03% Jun/15
EURKRW 1,757.1090 0.6788 0.04% 11.38% Jun/15
EURIDR 20,505.0458 -62.4126 -0.30% 8.92% Jun/15
EURPLN 4.2498 0.0049 0.11% -0.53% Jun/15
EURSEK 10.8882 -0.0524 -0.48% -0.72% Jun/15
EURCZK 24.1263 -0.0178 -0.07% -2.73% Jun/15
EURHUF 350.0300 -1.9200 -0.55% -13.02% Jun/15
EURNOK 11.0478 0.0435 0.40% -3.62% Jun/15
EURZAR 18.7573 -0.1873 -0.99% -8.91% Jun/15
 Currencies
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Related Last Previous Unit Reference
Euro Area Inflation Rate 3.20 3.00 percent May 2026
United States Inflation Rate 4.20 3.80 percent May 2026
Euro Area Interest Rate 2.40 2.15 percent Jun 2026
United States Fed Funds Interest Rate 3.75 3.75 percent May 2026
United States Non Farm Payrolls 172.00 179.00 Thousand May 2026
United States Unemployment Rate 4.30 4.30 percent May 2026
Euro Area Unemployment Rate 6.30 6.30 percent Apr 2026

Euro US Dollar Exchange Rate - EUR/USD
The EURUSD spot exchange rate specifies how much one currency, the EUR, is currently worth in terms of the other, the USD. While the EURUSD spot exchange rate is quoted and exchanged in the same day, the EURUSD forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
1.16 1.16 1.87 0.64 1957 - 2026 Daily

News Stream
Euro Surges Past $1.16 on US-Iran Deal
The euro rose above $1.16, its highest since early June, as investors embraced riskier assets after the US and Iran agreed to end their three-month conflict. The deal, lifting the US blockade and reopening the Strait of Hormuz, will be signed in Switzerland on Friday, though uncertainty lingers as markets await further details and the status of Iran’s nuclear program remains unresolved. Oil prices plunged, easing inflationary pressures and reducing expectations for rate hikes. Money markets now anticipate about 30 basis points of further ECB tightening this year, equivalent to one rate hike, down from nearly two before last Thursday’s increase. ECB President Christine Lagarde welcomed the news but warned of past dashed hopes and emerging second-round effects from the conflict. ECB’s Joachim Nagel added that oil supply recovery would take months, delaying any inflation relief.
2026-06-15
Euro Set for Weekly Gain on Middle East Deal Hopes
The euro held just below $1.16, on track for a 0.5% weekly gain, as a weaker USD, boosted by optimism over a potential Middle East peace deal, provided support. US President Donald Trump suggested a US-Iran agreement could be signed as early as this weekend, though Tehran has yet to confirm a final decision. Meanwhile, investors continued to digest the European Central Bank’s decision to raise interest rates for the first time in three years, a move aimed at preempting a broader inflation surge driven by rising fuel costs. Money markets now price in another rate hike, most likely in September, though July remains a possibility. The ECB also upwardly revised its inflation forecasts, projecting headline inflation at 3.0% for 2026 (up from 2.6%) and 2.3% for 2027 (up from 2.0%), with core inflation now expected at 2.5% for both years (revised up from 2.3% and 2.2%). Meanwhile, the growth outlook was slightly downgraded, with Eurozone GDP now forecast at 0.8% in 2026 and 1.2% in 2027.
2026-06-12
Euro Slips as ECB Hikes Rates and Lifts Inflation Outlook
The euro edged closer to $1.15, hovering near its lowest level since early April, after the European Central Bank delivered an expected 25-basis-point rate hike, its first since 2023. Policymakers cited surging energy costs and persistent inflation risks, exacerbated by the Iran conflict and disruptions to oil shipments through the Strait of Hormuz. The ECB also raised its inflation forecasts, projecting headline inflation at 3.0% for 2026 (up from 2.6%) and 2.3% for 2027 (up from 2.0%), with core inflation now expected at 2.5% for both years (revised up from 2.3% and 2.2%). Growth outlook was slightly downgraded, with Eurozone GDP now forecast at 0.8% in 2026 (down from 0.9%) and 1.2% in 2027 (down from 1.3%). Meanwhile, the dollar remained firm amid ongoing Middle East tensions, as repeated military strikes and diplomatic setbacks dimmed hopes for a US-Iran resolution.
2026-06-11